Investors gain N203.44bn as NGX-ASI appreciates by 0.60%

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 Nigeria’s  Equities Market closed positive on Monday as the NGX-ASI increased by 0.60% to close at 62,943.35 compared to 62,569.73 recorded at the close of the previous trading day; indicating a YTD return of +22.81%.

 Market capitalization increased by N203.44 billion to N34.27328 trillion from N34.06984 trillion recorded at the close of the previous trading day, while the market turnover increased to N13.83 billion from N8.83 billion recorded at the close of the previous trading day.

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At the end of the first weekday of trading, a total of 710,018,266 shares in 8,979 deals, corresponding to a market value of NGN 13,829,290,156.65, were traded.

Compared with the previous NGX trading day (Friday, July 14), today’s data shows 18% improvement in volume, 57% improvement in turnover, but 6% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 34.3 trillion.

In the aggregate, 117 NGX listed equities participated in trading, ending with 42 gainers and 29 losers. Unilever Nigeria led the gainers with 10% share price appreciation closing at NGN 15.95 per share, followed by Fidelity Bank (+10%), Daar Communications (+10%) and Sterling Bank (+9.97%).

 On the losing side, Skye Shelter Fund came out last with an end-of-day price depreciation of 10% at NGN 69.30 per share, followed by PZ Cussons Nigeria (-10%), Union Bank Nigeria (-10%) and Veritas Kapital Assurance (-10%). Sterling Bank recorded the highest volume of 65.9 million traded shares, followed by Transcorp Nigeria (62.2m), Unity Bank (59.7m) and Access Holdings (51.1m).

Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) moved up 373.62 (0.6%) points to close at 62,943.35, representing a 1-week loss of 2.57%, a 4-week gain of 6.33%, and an overall year-to-date gain of 22.81%.

Other remarkable indices that performed were the NGX Top 50 Index (+1.06%; -5.98% 1WK; +35.44% YTD), NGX Top 30 Index (+0.63%; -2.46% 1WK; +24.42% YTD), NGX Banking Index (+7.57%; -9.4% 1WK; +56.46% YTD), NGX Premium Index (+0.77%; -4.17% 1WK; +38.53% YTD), NGX Pension Index (+0.73%; -4.29% 1WK; +47.2% YTD), and NGX Main Board Index (+0.46%; -1.28% 1WK; +17.59% YTD).

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